380,082 Shares in Pitney Bowes Inc. $PBI Acquired by Man Group plc

Man Group plc acquired a new stake in Pitney Bowes Inc. (NYSE:PBI) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 380,082 shares of the technology company’s stock, valued at approximately $6,659,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Longview Financial Advisors Inc. purchased a new stake in Pitney Bowes during the 1st quarter worth about $26,000. Plato Investment Management Ltd acquired a new position in shares of Pitney Bowes during the 2nd quarter worth about $55,000. EverSource Wealth Advisors LLC increased its holdings in shares of Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Pitney Bowes by 190.9% in the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after acquiring an additional 2,459 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Pitney Bowes by 404.6% during the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after acquiring an additional 3,225 shares in the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PBI. Truist Financial upped their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 31st. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research report on Thursday, July 30th. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. Finally, Weiss Ratings raised Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.45.

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, CEO Kurt James Wolf sold 430,443 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $18.23, for a total value of $7,846,975.89. Following the completion of the transaction, the chief executive officer directly owned 179,190 shares in the company, valued at approximately $3,266,633.70. The trade was a 70.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Todd A. Everett sold 25,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total value of $451,750.00. Following the transaction, the executive vice president owned 96,048 shares in the company, valued at $1,735,587.36. This trade represents a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,417,150 shares of company stock valued at $42,333,327 in the last three months. 6.50% of the stock is currently owned by company insiders.

Pitney Bowes Stock Down 0.2%

Shares of NYSE:PBI opened at $17.23 on Friday. The company has a market cap of $2.36 billion, a P/E ratio of 14.12, a PEG ratio of 0.69 and a beta of 1.63. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $19.07. The company has a 50-day moving average price of $17.41 and a 200 day moving average price of $14.68.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The firm had revenue of $451.50 million for the quarter, compared to analyst estimates of $453.94 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. Pitney Bowes’s quarterly revenue was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Analysts expect that Pitney Bowes Inc. will post 1.68 EPS for the current year.

Pitney Bowes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is presently 32.79%.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company’s core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.